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Tuesday, 3 December 1974
Page: 3004

Senator MAUNSELL (QUEENSLAND) - I ask the Minister representing the Minister for Labor and Immigration whether, in view of the Government's repeated expressions of confidence that trade unions would heed the call for wage restraint as a means of checking inflation, the Public Service pay rise is a clear indication that the real value of wages and salaries continues to fall as the rate of inflation climbs. Will yesterday's decision inevitably lead to another round of wage claims and further deterioration of Australia's economic crisis?

Senator BISHOP - It is not for me to comment upon the adjudications of Mr Taylor who has made his determination. I am not in a position to say whether the Government will make any review of the situation that might arise. It concerns 3 Ministers. The Government has made clear that it is placing a lot of weight on its wage indexation policy and a case to implement such a scheme is presently before the people who should determine such matters. It has been argued by the Minister for Labor and Immigration and the Government that, if wage indexation is accepted by the union movement and the employers and is supported by the Government, it will go a long way to easing many of the pressures that are currently being placed on the economy.

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